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KAIST College of Business hosts ‘21st Century Financial Vision Forum’2017-05-29Hit:183

KAIST College of Business announced on the 25th that it would hold the ‘21st Century Financial Vision
Forum’ at the Plaza Hotel in Jung-gu, Seoul, on the 27th. The forum is designed
to probe recent developments in intelligent
core technologies and to analyze application cases of domestic and foreign
financial institutions.

Including Professor Kwon, Oh-kyu of KAIST, approximately 50 people
from financial institutions, financial holding companies, banks, securities companies
and insurance companies will attend the forum and discuss ways to enhance the
competitiveness of the financial industry in the fourth industrial era.

An official from KCB said, “The fourth industrial revolution,
which is taking place at a rapid pace, is also
expected to make a big change in the financial industry. With the
increasing number of people doing their banking through digital channels such
as the Internet and smartphones, many changes are being attempted including
closing or transforming offline branches.”

He added, “K-bank, an internet bank, will start to operate, and I
think that non-face-to-face financial services will become more active in the
future. Also, I think machine
intelligence using intelligent
information technologies such as big data and artificial intelligence will
replace or assist the main functions in the major areas of financial institutions
such as risk management, asset management, customer management and commodity
sales and compliance.”